Jim Dorey has become president of Price Rite Marketplace, a registered trademark of Keasbey, N.J.-based Wakefern Food Corp., the largest supermarket cooperative in the United States. Dorey succeeds Neil Duffy who retired last October.
Mintel, the world’s leading market intelligence agency, has announced four key trends set to impact the US foodservice market over the coming year. Mintel predicts that 2018 will see the blurring of retail, foodservice, and social media, as well as health and indulgence.
Consumer demand for healthy options and Millennial preferences for adventure and interactive experiences will heavily influence emerging flavor and culinary trends in 2018, according to flavor innovators.
Hunker down and buckle up. Disruption in the food and beverage marketplace is well underway, headlined with the news of Amazon’s acquisition of Whole Foods Market, followed in short order by Albertsons’ purchase of meal kit delivery operator Plated and the IPO of another meal kit delivery company, Blue Apron, which then partially fizzles due in no small part to trademark filings relating to meal kit capabilities made by, you guessed it…Amazon. Turbulent times ahead indeed. While meal kit delivery companies have certainly captured the imaginations of investors and the media, consumers are a different story.
Gourmet coffee now represents 59% of US consumers’ daily coffee consumption, according to a new report by the National Coffee Association. While consumers age 65 and older enjoy the majority of their coffee in the home, those younger than age 35 prefer to drink it while on the go, the report said.
US sales of mangoes, papayas and other tropical and ethnic fruits are on the rise as the country’s population becomes increasingly diverse, suppliers say. “These fruits and veggies may have been introduced by others with native cuisines from afar, but sales are growing and growing beyond ethnic demographics,” said Mary Ostlund, marketing director for Brooks Tropicals.
An ecommerce startup specializing in delivering produce typically deemed too “ugly” to sell by many grocers today has expanded its operations from the West Coast to the Windy City. Imperfect saves roughly 300K lbs of fruits, veggies weekly.
Mexico-based Arca Continental acquired Deep River Snacks, a better-for-you snack company. Through the acquisition, Arca Continental plans to become a more significant player in the U.S. salty snacks industry.
The specialty foods distributor acquired prepared meal solution company Buddy’s Kitchen Inc. and branded sandwich maker Raybern Foods, and took a 50% stake in fresh and frozen artisan bread and pastry manufacturer Shaw Bakers.
Danone Manifesto Ventures took a minority stake in Kona Deep, a premium water bottler. Kona Deep intends to use the investment to expand distribution, increase and optimize production capacity and raise awareness of its brand.